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Politics : PRESIDENT GEORGE W. BUSH

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To: sylvester80 who wrote (403903)5/7/2003 11:31:52 PM
From: Techplayer  Read Replies (1) of 769670
 
A weak dollar is absolutely in the best interst of the US right now. The buck has been super-inflated for 4 years.

It has existed in a bubble.

US debt existed before, it will exist forever. As mentioned in the previous article, the interest paid as a % of total budget is the lowest in decades.\
"With the United States paying an average 5.6 percent rate, the burden of interest-rate payments to America's creditors amounted to less than 18 percent of total federal revenue. That's the lowest point in more than 30 years and has, says James Turk at Freemarket Gold & Money Report, "worked wonders for the government's finances."
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